Momentus Receives Contract from DARPA to Pave the Way for Large-Scale Space Structures
May 30 2024 - 8:00AM
Business Wire
Momentus Inc. (NASDAQ: MNTS) ("Momentus" or the "Company"), a
provider of in-space transportation services, has secured a
contract from the Defense Advanced Research Projects Agency (DARPA)
aimed to support the design and in-space demonstration of
technologies that will enable the construction of large-scale
structures in space.
The program, known as DARPA Novel Orbital and Moon
Manufacturing, Materials, and Mass-efficient Design (NOM4D),
focuses on developing the foundations for building robust and
precise structures in space. The vision is to transport raw
materials from Earth for in-orbit manufacturing. Unlike deployable
structures optimized for ground tests and launch survival, these
structures—such as solar arrays, antennas, and optics—will be
specifically designed for the space environment. This exciting
endeavor represents a significant step toward advancing Momentus’
capabilities in space construction and utilization.
Under the recently awarded “NOM4D On-Orbit Demo” program,
Momentus will collaborate with other NOM4D performers to design and
refine experiments that can be integrated onto the Momentus
Vigoride Orbital Service Vehicle. These experiments must meet the
stringent requirements for both launch and in-space operation.
The program will capitalize on Vigoride’s flexibility, payload
capacity, and ease of integration. Momentus’ proprietary
water-based propulsion system provides the ability to maneuver and
modify orbit to meet a wide range of requirements for NOM4D. By
conducting on-orbit demonstrations of the NOM4D assembly and
manufacturing technologies, Momentus aims to elevate the Technology
Readiness Level (TRL), thereby maturing the technology
performance.
“We’re delighted by the opportunity to partner with DARPA to
work at the forefront of the future in-space infrastructure
economy,” said Momentus Chief Executive Officer John Rood.
“Vigoride’s flexibility, payload capacity, and power make it
well-suited to support the demonstration of NOM4D technologies that
overcome current volume, load, and vibration constraints currently
limiting the type and scale of in- space structures.”
Momentus will pioneer novel system-level application concepts to
showcase the full integrated spacecraft benefits of NOM4D
technologies. This exciting collaboration with DARPA positions
Momentus at the forefront of the future in-space infrastructure
economy.
About Momentus Inc.
Momentus is a U.S. commercial space company that offers
commercial satellite buses and in-space infrastructure services
including in-space transportation, hosted payloads, and other
in-orbit services.
Forward-Looking Statements
This press release contains certain statements which may
constitute “forward-looking statements” for purposes of the federal
securities laws. Forward-looking statements include, but are not
limited to, statements regarding the expected closing of the
offering and fulfillment of customary closing conditions, Momentus
or its management team’s expectations, hopes, beliefs, intentions
or strategies regarding the future, projections, forecasts or other
characterizations of future events or circumstances, including any
underlying assumptions, and are not guarantees of future
performance. Because forward-looking statements relate to the
future, they are subject to inherent uncertainties, risks and
changes in circumstances that are difficult to predict and many of
which are outside of Momentus’ control. Many factors could cause
actual future events to differ materially from the forward-looking
statements in this press release, including but not limited to
risks and uncertainties included under the heading “Risk Factors”
in the Annual Report on Form 10-K filed by the Company on March 8,
2023, as such factors may be updated from time to time in our other
filings with the Commission, accessible on the Commission’s website
at www.sec.gov and the Investor Relations section of our website at
investors.momentus.space. Forward-looking statements speak only as
of the date they are made. Readers are cautioned not to put undue
reliance on forward-looking statements, and, except as required by
law, the Company assumes no obligation and does not intend to
update or revise these forward-looking statements, whether as a
result of new information, future events, or otherwise.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240530492917/en/
Investors: investors@momentus.space
Media: press@momentus.space
Momentus (NASDAQ:MNTS)
Historical Stock Chart
From Oct 2024 to Nov 2024
Momentus (NASDAQ:MNTS)
Historical Stock Chart
From Nov 2023 to Nov 2024